Access Bank’s Chrisanthi Michaelides returns to CFO role following new CEO appointment

The bank has appointed Sugendhree Reddy as its new CEO, seeing Chrisanthi step back into her CFO role.

Access Bank South Africa’s Chrisanthi Michaelides has stepped back into her role as CFO following the bank’s appointment of Sugendhree Reddy as its new CEO.

Chrisanthi stepped into the role of acting CEO following the resignation of Bennie van Rooy in September 2021. Ryan Engle stepped into the role of acting CFO at the time, but will also be stepping back into his role as head of finance.

About her appointment, Sugendhree said:

“I thank the board for entrusting me with this responsibility and look forward to this exciting opportunity to be part of the growth strategy for Access Bank South Africa.”

“My passion for banking stems from making a positive difference to our customers’ lives,” she added. “I want customers to choose Access Bank because we deliver simplicity, value and excellent service. We listen to our customers and collaborate with them to create optimal solutions.”

Sugendhree has over 20 years’ experience in the financial services sector. Her previous positions include executive head of personal banking at Standard Bank South Africa, CEO of retail financial services at Alexander Forbes, general manager of finance at BMW Financial Services, head of treasury at the SA Sugar Association, and senior auditor at the Auditor General’s office.

Patrick Mathidi, Access Bank SA Chairman of the Board, said in a statement that he is thrilled to have Sugendhree on board, and thanked Chrisanthi and Ryan for “holding down the fort” for the past few months.